Bhilai

KOLKATA: SAIL's crown jewels, the Bhilai and Bokaro steel plants, may have maintained their position in the company's overall profitability in July-September quarter, but it is the traditional laggards at Durgapur and Rourkela that have managed to post significant profit growth in the period. Bhilai and Bokaro have led the way with profit before tax of Rs 754.9 cr and Rs 736.38 cr, respectively, but Durgapur and Rourkela steel plants have recorded a huge jump in profitability. While DSP logged in PBT...

KOLKATA: Steel Authority of India Limited (SAIL) and National Skill Development Corporation (NSDC) signed an MoU for skill development in steel sector on Monday. The MoU between SAIL and NSDC will focus on three areas including - skilling of on-roll employees of SAIL, skilling of off-roll manpower working in SAIL and skilling of local youth for future employability and income generation. This has been signed as a follow up to the MoU signed between...

new delhi: steel authority of india on friday entered into a joint venture with national thermal power corporation for its bhilai power plant. under the share holders agreement signed here the two companies will hold 50 per cent stake each in bhilai electric supply company to operate and maintain sail's 74 mw captive power plant for a 15 year period, a company statement said here. "the transfer price has beeen fixed at rs 110.5 crore while cash inflow to sail as a result of the agreement would be...

BHILAI: A magisterial probe has been ordered into the incident of leakage of poisonous gas at SAIL's Bhilai plant in which six people, including two Deputy General Managers, were killed and about 30 others injured. "A magisterial inquiry, headed by the Durg Additional District Magistrate, has been ordered into yesterday's incident," Durg Collector R Sangeetha said today. Soon after news of the incident at the Steel Authority of India Ltd plant in...

NEW DELHI: Sharing the concerns of a member in Rajya Sabha over the growing steel imports, Steel Minster Narendra Singh Tomar today said they are seized of the issue and discussing the matter with the Finance Ministry. Replying to a question raised by Tapan Sen (CPI-M), Tomar said the import stood at nine million tonnes as against six million tonnes of export last year. "The members concern is valid. We are seized of the matter and are holding discussion...

NEW DELHI: Prime Minister's trophy for the 'Best Performing Integrated Steel Plant' was today conferred on Tata Steel. The trophy was presented by Prime Minister Narendra Modi to Tata Steel MD, India and South East Asia, T V Narendran , a company statement said. "Its an honour to receive this award from our Prime Minister. It has always been our endeavor to set the benchmark of excellence in efficiency, quality and sustainability in all our operations,"...

KOLKATA: Steel Authority of India has managed to get a lucrative iron ore block in Chhattisgarh, a state that houses the company's most profitable unit, the Bhilai steel plant. The new block at Eklama is likely to compensate the state-owned steel giant for the tardy progress in development of its green field mines at Rowghat, where work has been thwarted due to repeated Maoist threats. The Rowghat project will be taken up only under special security cover provided by the union...

NEW DELHI: Prime Minister Narendra Modi is expected to announce a Rs 36,000-crore capacity expansion plan for SAIL's Rourkela steel plant when he inaugurates the modernised unit of the state-owned firm on April 1. During his maiden visit to the Odisha-based plant, where a Rs 12,000 crore modernisation and expansion programme has recently been completed to raise capacity to 4.5 million tonnes per annum from 2 mtpa...

KOLKATA: Steel Authority of India Limited (SAIL) and National Skill Development Corporation (NSDC) signed an MoU for skill development in steel sector on Monday. The MoU between SAIL and NSDC will focus on three areas including - skilling of on-roll employees of SAIL, skilling of off-roll manpower working in SAIL and skilling of local youth for future employability and income generation. This has been signed as a follow up to the MoU signed...

KOLKATA: Siemens VAI Metals Technologies, a world leader in technology for the iron and steel industry, will set up a new factory to make steel plant equipment in India. The €2.2-billion global major also hopes to rapidly increase its local headcount to 1,000 people and expand its service base in the country. Werner Auer , CEO, Siemens VAI Metals Technologies said, "We are growing our base in India where the steel industry is on a growth...

NEW DELHI: The armed forces are gearing up for a major presence in Chhattisgarh, with a sub-area command coming up in Bilaspur and the IAF finalising a site near Bhilai for its newest airbase. The Army sub-area, a first for Chhattisgarh, will be spread over nearly 3,000 acres, which is mostly government land. A static peace-time formation of the Army, the sub-area will be under a Brigadier-level officer. The sub-area will not service the counter-Naxal grid in the...

NEW DELHI: Prime Minister Narendra Modi is expected to announce a Rs 36,000-crore capacity expansion plan for SAIL's Rourkela steel plant when he inaugurates the modernised unit of the state-owned firm on April 1. During his maiden visit to the Odisha-based plant, where a Rs 12,000 crore modernisation and expansion programme has recently been completed to raise capacity to 4.5 million tonnes per annum from 2 mtpa earlier, Modi may...

NEW DELHI: Replacing Bhilai, the Bokaro unit will become the largest steel plant of SAIL as the state-run firm completes its next phase of expansion programme with Rs 1.5 lakh crore investment by 2025. As per "Vision 2025" programme of the country's largest steel producer , Bokaro unit will have the highest 14.1 million tonnes per annum hot metal production capacity among its five integrated steel plants. SAIL's ongoing Rs 72,000 crore expansion programme is...

NEW DELHI: Bhilai Steel Plant, the flagship unit of the state-run steel maker SAIL , saved Rs 364 crore in 2013-14 on various energy conservation initiatives. "Energy conservation initiatives at SAIL's Bhilai Steel Plant have led to a saving of Rs 364 crore during the fiscal year 2013-14," Steel Authority of India Ltd said in a release today. This has helped the unit bag National Energy Conservation Award 2014 in the integrated steel...

NEW DELHI: State-run steel maker SAIL today commissioned two facilities in its Bhilai plant as part of ongoing expansion and modernisation programme. The two units, a sinter machine and a coke oven battery, have been built with an investment of around Rs 2,000 crore. The setting up of the two facilities forms a part of the Rs 17,265 crore capex being deployed in the company's flagship plant for raising its hot metal capacity to 7.5 million tonnes per annum...

NEW DELHI: Jaiprakash Associates, which has business interests that range from real estate to power, is in advanced talks to sell its 2.1 million tonne Bhilai Cement unit to rival Shree Cement for an enterprise value of Rs 1,800 crore as it looks to trim debt of Rs 60,000 crore by disposing of assets. "The negotiation with Shree Cement is at an advanced stage and the deal is likely to be completed by October," said a person familiar with the...

NEW DELHI: State-run Steel Authority of India Ltd on Thursday said its Board of Directors has given in-principle approval for two projects at its Bhilai and Bokaro steel plants envisaging an investment of Rs 180 crore. The approval is for revamping a sinter plant at Bhilai and installation of air turbo compressor and oxygen turbo compressor at Bokaro, SAIL said in a release here. With this, the total planned investment in different projects approved, both in-principle and...

steel authority of india expects to earn around rs 1,000 crore in cash in the current financial year from sale of non-core assets. but this may not be enough for it to turnaround in the current fiscal. sail posted a net loss of rs 704 crore in the first six months of the current year even after taking into account a cash earning of around rs 400 crore from asset sale in which sail booked a profit of rs 360 crore. according to mr arvind pande, chairman, sail, the current year's expected cash...

NEW DELHI: State-run SAIL will soon take a call on setting up its second integrated steel plant in Madhya Pradesh at an estimated investment of Rs 20,000 crore. The proposed new facility, if found economically viable in an ongoing feasibility study, could be set up at Chhatarpur area which has abundant low-grade iron ore, an official source said. SAIL already has a manufacturing base in Bhilai. The proposal for setting up a greenfield steel plant was mooted...

NEW DELHI: The stagnant demand scenario of the Indian steel sector is likely to come to an end with the new government putting thrust on areas like manufacturing and infrastructure, SAIL Chairman C S Verma said today. Addressing shareholders at the company's annual general meeting (AGM), Verma said, "We witnessed another year of sub 5 per cent GDP growth in fiscal 2013-14. However, a new era of hope, change and confidence has dawned on the...